October 2026 PICPA Town Hall: Grants and Contributions, Revisited

Richard A Cole
FASB Project Manager

Rick Cole is a Project Manager at the Financial Accounting Standards Board (FASB).  In that role, he provides oversight to projects involving not-for-profit organizations (NFPs), consults on other projects affecting NFPs (e.g., Leases), and participates in some of the FASB’s broader outreach activities.  He is the Project Manager on the FASB’s current Financial Statements of Not-for-Profit Entities project and also provides staff support for the FASB’s Not-for-Profit Advisory Committee.

Prior to joining the FASB, Mr. Cole was the Vice President and Controller at the American Museum of Natural History in New York, where he worked for over seven years, and before that was a senior manager with KPMG LLP, where he worked for over fourteen years and specialized in audits of higher education institutions and other NFPs.   Mr. Cole earned a BS and an MBA from Montclair State University.  He is a member of the AICPA and the New York State Society of CPAs.